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Tuesday, August 12, 2014

RadPad Gets $2M

Los Angeles-based mobile rental marketplace app developer Radpad said Tuesday that it has raised $2M in a funding round, which came from existing investors SG VC, L.P., Social Leverage L.P. and Michael Huffington, along with new investors Queensbridge Venture Partners (led by Nasir “Nas” Jones and Anthony Saleh) and Happy Walters (co-president of Relativity Media). The startup, which is led by Jonathan Eppers, develops a mobile rental marketplace which helps renters find a place to live; the app currently has the most listings in Los Angeles, and recently expanded to Chicago and Washington DC, although the company says the app can be used anywhere nationwide. The company claimed the round came after it "turned down two lucrative acquisition offers." More information »